348 Speers Road – Property Summary
Key Characteristics & Buyer Profile
This is a small, older home on an unusually large lot. The house itself measures 734 square feet, built in 1936. It ranks below average in living area, assessed value, and age compared to others on its street, in the Windsor Park neighbourhood, and across Winnipeg.
The real appeal here is the land. The lot is 8,249 square feet—well above both the neighbourhood average (6,030 sqft) and the citywide average (6,570 sqft). Within Windsor Park, it ranks in the top 5% for lot size. That means the structure is modest and dated, but the property offers rare space for expansion, a garage or workshop, a large garden, or even potential redevelopment depending on zoning.
This property suits buyers who prioritize land over the house itself. It would work well for someone handy looking to renovate or rebuild, or for a buyer who wants a sizable yard in a central Winnipeg neighbourhood without paying a premium for a finished home. It is not a move-in-ready starter home for someone wanting modern finishes or generous interior space. The assessed value of $292,000 is below street and neighbourhood averages, which reflects the home’s age and smaller footprint.
Frequently Asked Questions
1. How does the living area compare to other homes in the area?
It’s below average at every level. On Speers Road, the average living area is 1,149 sqft. In Windsor Park, it’s 1,091 sqft. Citywide, comparable homes average 1,342 sqft. At 734 sqft, this is about 35–45% smaller than typical homes nearby.
2. The lot is large—what can I do with it?
That depends on local zoning, which you’d need to verify with the city. But the lot size (8,249 sqft) puts it in the top 10% citywide. Options could include adding a garage, building a laneway suite or secondary dwelling, expanding the existing home, or subdividing if permitted. Lots this size in established neighbourhoods are increasingly uncommon.
3. Is the assessed value of $292,000 a good deal?
It’s below average for the street (365k), the neighbourhood (354k), and the city (390k). However, assessed value is not the same as market price. The low assessment reflects the home’s age and small size. A buyer is paying largely for the land. Whether it’s a good deal depends on renovation costs or development potential relative to the asking price.
4. What condition is a home from 1936 likely to be in?
That varies property by property. A 1936 home likely has older systems (plumbing, electrical, heating) and may need significant updates. It could also have solid bones if well maintained. A thorough home inspection is essential. The low age ranking suggests it’s older than most nearby homes, so expect some deferred maintenance.
5. Who typically buys a property like this?
Buyers who are willing to invest time and money into the property rather than expecting a turnkey home. Common profiles include contractors, renovators, investors looking for a lot with a teardown, or homeowners who want a large yard and are comfortable living in a smaller, older space while they make upgrades. It’s less suited to first-time buyers wanting a low-maintenance, modern home.